Question

_ is an incomplete prospectus .

Answer 1

The correct blank is Red Herring.

• As per Section 32 of the Companies Act, the said prospectus is an incomplete prospectus.
• It contains majority of the firm's information about its activities but omits important specifics about the security problem, like the price and number of shares offered for sale.
• A preliminary prospectus filed with the Securities and Exchange Commission typically in conjunction with the firm's initial public offering IPO.

Answer 2

Answer:

Red Herring Prospectus

Explanation:

Red Herring is an incomplete prospectus

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